January 19, 2012
Accenture Receives Industry Awards for its Life Insurance Policy Administration Software Solution
Accenture Life Insurance Platform receives two awards in Celent Life Insurance Policy Administration System Vendors report
NEW YORK; Jan. 19, 2012 – Accenture’s (NYSE: ACN) life and annuity insurance policy administration software, the Accenture Life Insurance Platform, received two XCelent Awards in Celent’s latest report titled “EMEA Policy Administration Systems 2011: Life and Pension ABCD Vendor View”1. Celent is a leading industry analyst firm focused on the application of information technology in the global financial services industry.
The Accenture Life Insurance Platform was recognized with:
- The XCelent Technology Award for the leading solution in “Advanced and Flexible Technology,” which is based on a range of criteria, including the ability to modify the system using visual tools rather than through coding, the modernity of the programming language and consistency of information technology (IT) architecture, the range of databases and operating systems supported by the solution, and customers’ feedback on involvement of IT staff to change the system and availability of IT skills.
- The XCelent Service Award for the leading solution in “Depth of Service,” which is based on customers’ feedback on their implementation experiences, the size and experience of professional services and support team capabilities, the availability of local market skills, and flexibility of pricing models.
Launched in November 2010 to acknowledge vendor excellence, Celent’s XCelent Awards are designed to help financial institutions and technology providers stay abreast of industry trends by evaluating the shifting vendor marketplace and recognizing technology best practices.
“The two awards we received for the Accenture Life Insurance Platform in Celent’s report reflect Accenture’s industry leadership in providing truly innovative software solutions for life and annuity insurers, and our commitment to client service delivery,” said Gilles Biscay, global managing director of Accenture Software for Life Insurance. ”These awards demonstrate our ability to deliver leading-edge software and high-quality services that meet the business needs of insurers of all sizes – from the world’s largest to small- and medium-sized carriers.”
The Accenture Life Insurance Platform, used by more than 40 leading insurers worldwide, is a robust, configurable and scalable software platform that offers life insurance and annuity carriers of all sizes the ability to automate operational support across the full policy lifecycle. The platform, which has recently been enhanced to meet the needs of the French individual life insurance market, can be implemented out-of-the-box with limited integration efforts or leveraged for more significant transformation projects.
“In a business environment where success is increasingly dependent on technology, selecting the right software platform is critical,” said Daniele Presutti, managing director Accenture Life Insurance Services. “We are proud to receive these awards as they highlight Accenture’s ability to provide life and annuity insurers of all sizes with the best solutions to help drive growth and efficiency, while reducing operating costs.”
Accenture Life Insurance Services, a business service within Accenture’s Financial Services operating group, serves more than 60 life insurance, annuity and pension clients worldwide.
1 Celent, “EMEA Policy Administration Systems 2011: Life and pension ABCD Vendor View” by Jamie Macgregor and Nicolas Michellod, November 2011
About Accenture Accenture is a global management consulting, technology services and outsourcing company, with more than 244,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$25.5 billion for the fiscal year ended Aug. 31, 2011. Its home page is www.accenture.com.
Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products. It offers innovative software-based solutions to enable organizations to meet their business goals and achieve high performance. Its home page is www.accenture.com/software. For Life Insurance software, its home page is www.accenture.com/lifesoftware.
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